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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Solid State Plc | SOLI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 130.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 130.00 |
| Industry Sector |
|---|
| ELECTRONIC & ELECTRICAL EQUIPMENT |
| Top Posts |
|---|
Posted at 24/11/2023 09:39 by rivaldo From Mark Watson-Williams on Master Investor last night:"Solid State (LON:SOLI) – 17% CAGR In Sales To 2030 This £150m capitalised Redditch-based group designs and manufactures electronic equipment and supplies the value added electronic components and materials in the United Kingdom, rest of Europe, Asia, North America, and internationally. It operates through Components and Systems divisions. The Components division provides owed brand manufactured components, franchised components, and the provision of value-added services, such as sourcing and obsolescence management. It is a specialist in designing-in innovative, valuable, technical solutions for customers seeking cutting edge, electronic, opto-electronic, electro-mechanical components, and displays. The Systems division provides systems solutions, which include industrial computing and vision systems; custom battery packs providing portable power; energy storage solutions; and advanced communication systems, encompassing wideband antennas and radio products. The company supplies opto-electronic components. It serves the security and defence, medical, greentech, energy, transport, and industrial sectors. The company issued a strong first half Statement at the end of last month stating that: “The Board is very pleased with the ongoing delivery of Solid State’s growth strategy. As a result of the strong start to the year, on a full-year basis, the Directors expect to deliver stronger than anticipated organic revenue growth, meaning the Group is expected to be marginally ahead of current consensus revenue and adjusted PBT expectations for the year ending 31 March 2024.” Analysts John Cummins and Charlie Cullen at WH Ireland have a ‘fair value’ estimate on the group’s shares at 1550p. For the current year to end March 2024 they see revenues of £155.1m (£126.5m), while pre-tax profits could come in at £12.5m (£10.8m), raising earnings to 85.1p (80.7p) per share. Andy Chambers and Natalya Davies, analysts at Edison Investment Research, note the group’s strong organic growth in the first half, as well as its ambition to deliver compound annual growth of 17% in its sales up to 2030. This is yet another group that has its Interims due to be published on Tuesday 5th December. Its shares, which have been down to as low as 1010p just a month ago, have subsequently perked up considerably, closing last night at a much healthier 1325p. They have been up to 1475p this year, while the consensus views suggest 1620p is around the right ‘value price’ – so Hold on for more positivity" |
Posted at 18/2/2022 09:11 by tightfist Fairly new to SOLI, surprised there has been more chatter here after the positive Update 8 days ago. Rumoured that SOLI a recommendation from AIM Investor a few days ago? |
Posted at 07/12/2021 11:41 by boadicea Looks to be all on target with no new surprises. Potential investors will typically stand back and let the usual post-results sell-off run its course. Without news a further surge seems unlikely and the supply line fog needs to clear to boost confidence. This is more easily managed for companies with a good cash position that can afford to commit to higher stock holdings. |
Posted at 13/7/2021 07:09 by jamessmith23 Positive wording in the statement, not sure if investors are going to expect more based on the share price having doubled from last year and at pretty much all time highs.As a long term hold it looks good although price has got a little ahead of itself given a PE of c22.5 is high for a company producing these sorts of components when growth is at a decent but modest 10-15%. My concern is with supply dynamics at the moment and potential for a large fall if there is any bad news as was seen a few years ago.Sold my position but will certainly be monitoring it in future for either an ahead trading update or an attractive reentry point. Good luck to current holders, is a solid little company. |
Posted at 08/12/2020 08:33 by jimbo123elf Investor Meet Company meeting tomorrow at 4pm. |
Posted at 05/10/2020 07:19 by jamessmith23 Positive news on the additional contract, also always good to see the company keeping investors in the know. Very happy continuing to hold this one with the expectation of consistent, decent levels of growth. |
Posted at 03/2/2020 23:25 by edpick Always gives me comfort to see flaky, uninformed twitter investors announce sells due to general market nervousness. Recent falls nothing to worry about imo |
Posted at 23/9/2019 19:23 by sharesoc We have a growth company seminar on the 9th October in London with Solid State lined up to present. This may be of interest to potential investors or current shareholders. More details and registration can be found here: |
Posted at 21/10/2016 08:28 by cockerhoop By the excellent Richard Beddard in Money Week - 5 IHT avoiding stocks5. Solid State (SOLI) Market cap: £25m Debt-adjusted p/e: 9 Electronics manufacturer and distributor Solid State has put its shareholders through the emotional wringer. Two years ago the company announced that it was part of a consortium that had been awarded (by its standards) a massive contract with the Ministry of Justice (MoJ) to develop electronic tags for convicted law-breakers. The dream began to turn into a nightmare late last year, as the contract was first delayed, and then terminated when the MoJ decided to use an off-the-peg solution instead. However, while long-term shareholders would have experienced exuberance as the share price took off, and dismay as it later crashed, for any investors considering buying shares now, it’s as though the nightmare never happened. Solid State received a one-off payment to settle the contract, which it immediately spent on Creasefield, a manufacturer of battery packs. Although Creasefield made a small loss in the year to March 2016, Solid State expects it to return to profit this year, helped by co-operation in design, engineering and sales with its existing successful battery business. The battery business is part of Steatite, the manufacturing arm of Solid State. The company also distributes electronic components through Solid State Supplies. Both businesses are in good shape due to decisions taken well over a decade ago. While many manufacturers of electronic equipment chose to relocate their operations in China and other low-cost economies in the 2000s, Solid State chose to specialise instead, focusing on high-value rugged computers, batteries, radios and components especially designed for use in the field. Because of exacting specifications, and the regulations required to handle dangerous materials and sensitive information, it’s preferable and sometimes necessary to manufacture this equipment in the UK. As far as tagging goes, Solid State retains the intellectual property it developed and it is working out what to do with it. But even if the company never makes a profit from tagging, business as usual is no bad thing. |
Posted at 06/11/2015 13:58 by cockerhoop Investors Champion have modified the article, it's not the house broker but Cantor Fitzgerald.My only real point is that from the forecasts it doesn't suggest the MoJ contract is a short term timing issue as there's been a consistent average 38% reduction across the next 3 years. |
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